Underwriter II

Independence Blue Cross; Pennsylvania; Hybrid; USD 85,000 - 110,000; Full time

Job summary

Independence Blue Cross in Philadelphia, PA, is hiring an Underwriter II to assess risk, prepare rating analyses, and apply underwriting guidelines to tailor solutions for customers. The role collaborates with Sales, brokers, and internal teams to ensure compliant, competitive offerings within authority limits.

The position may underwrite medical, pharmacy, and ancillary lines, maintaining awareness of healthcare reform and market conditions.

Qualifications

• Bachelor’s degree or equivalent; MBA preferred.
• Minimum 3 years’ experience in a group insurance environment.
• Minimum 2 years of underwriting experience.

Responsibilities

• Prepare and review rating analyses and underwriting recommendations.
• Evaluate customer risk using appropriate underwriting methodologies and risk assessment techniques.
• Analyze supporting documentation and data to make sound underwriting decisions within established authority limits.
• Partner with Sales and internal stakeholders to ensure compliance with underwriting guidelines and risk requirements.
• Participate in customer and broker discussions to support relationship management and develop consultative skills.
• Maintain knowledge of Health Care Reform, marketplace dynamics, industry trends, and competitive landscape.
• Underwrite medical, pharmacy, and ancillary products as assigned.
• Support departmental objectives through effective collaboration and knowledge sharing.

Skills

Medical underwriting concepts

Analytical skills

Detail-oriented

Communication skills

MS Office

Underwriting systems

Education

Bachelor’s degree or equivalent

MBA preferred

Job description

Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together, we will achieve our mission to enhance the health and well-being of the people and communities we serve.

The ++Underwriter II++ is responsible for evaluating and analyzing risk, preparing and reviewing rating analyses, and applying appropriate underwriting methodologies based on customer-specific needs. Using supporting documentation and established underwriting guidelines, this role assesses risk and provides recommendations to underwriting leadership and business partners within assigned authority levels. The Underwriter II collaborates closely with Sales, brokers, and internal stakeholders to evaluate customer risk characteristics, ensure compliance with underwriting requirements, and deliver competitive and financially sound solutions. This role may underwrite medical, pharmacy, and/or ancillary lines of business and is expected to maintain a solid understanding of healthcare reform, market conditions, competitive trends, and underwriting best practices.

Key Responsibilities

• Prepare and review rating analyses and underwriting recommendations.
• Evaluate customer risk using appropriate underwriting methodologies and risk assessment techniques.
• Analyze supporting documentation and data to make sound underwriting decisions within established authority limits.
• Partner with Sales and internal stakeholders to ensure compliance with underwriting guidelines and risk requirements.
• Participate in customer and broker discussions to support relationship management and develop consultative skills.
• Maintain knowledge of Health Care Reform, marketplace dynamics, industry trends, and competitive landscape.
• Underwrite medical, pharmacy, and ancillary products as assigned.
• Support departmental objectives through effective collaboration and knowledge sharing.

Qualifications

Education & Experience

• Bachelor’s degree or equivalent combination of education and experience required.
• MBA preferred.
• Minimum of 3 years of experience in a group insurance environment.
• Minimum of 2 years of underwriting experience (may be concurrent with group insurance experience).

Required Knowledge & Skills

• Knowledge of medical insurance concepts, medical underwriting principles, rating methodologies, and risk evaluation techniques.
• Strong analytical, mathematical, and problem-solving skills.
• Ability to identify, research, and resolve discrepancies effectively.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Demonstrated proficiency in competencies defined within the Underwriting Competency Model.
• Strong attention to detail and accuracy.
• Excellent written and verbal communication skills.
• Strong interpersonal and collaboration skills.
• Proficiency with Microsoft Office applications, including Excel, Word, and Access.
• Experience using underwriting systems and related support tools.

Independence has implemented a Hybrid model which consists of associates working in the office three days a week (Tuesday, Wednesday, and Thursday) and remotely two days a week (Monday and Friday). This role is designated as a role that fits into the Hybrid model. While associates may work remotely on designated remote days, the work must be performed within the Tri-State Area of Delaware, New Jersey, or Pennsylvania. Occasional travel may be available for training, meetings, or professional development opportunities.

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device that is compatible with the free Microsoft Authenticator app.